Barwa Real Estate Group announced signing a new financing agreement for the amount of US$ 92.85 million. The purpose of the new facility is to finance a part of the budgeted capital expenditures of the projects for the year 2021. The term of the new financing is up to 5 years. Note that the new financing is in compliance with the provisions of Sharia.
It should be noted that there is no conflict of interest between the contracting parties in this agreement.